On December 8, 2014, PDC Energy (ticker: PDCE) announced its 2015 capital budget after a profitable Q3’14.

For 2015, PDC’s capital budget is approximately $557 million, a decrease of 14% compared to its 2014 expenditures. The company’s budget includes $526 million of development capital and $31 million for lease maintenance, exploration and other expenditures.

Source: PDC Energy

The company estimates net production volumes for 2015 will be 13.8 to 14.5 MMBOE. At its midpoint, 2015 guidance represents an increase of 50% compared to 2014...

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